Kuwait is one of the wealthiest countries across the globe with more than 95%
of urban population. The automobile sales have been growing at a rapid pace in
the country, which has consequently driven the demand for tyres in both OEM and
replacement markets. The country has a hot and humid climate, which results in
shorter replacement period of around 1.5 years for tyres. The demand for
technologically improved tyres, which provide more fuel efficiency and enhanced
safety is growing in the country. However, in the absence of any tyre
manufacturing facility in the country, Kuwait is fully dependent on the imports
of tyres. Major global tyre manufacturers such as Bridgestone, Michelin,
Yokohama and Goodyear are the leading players in the Kuwait tyre market.

According to “Kuwait Tyre Market Forecast & Opportunities, 2019”, the tyre
market in Kuwait is projected to grow at a CAGR of around 11% during 2014-19.
The continuous increase in the demand for automobiles coupled with the growing
demand for retreaded tyres in the replacement market is expected to drive the
tyre industry in Kuwait over the next five years. In 2012, sales of passenger
cars grew at a Y-o-Y rate of 16%, while the commercial vehicle sales grew at
25%. Since tyres are replaced at regular intervals in the country, which is
relatively more frequent than other countries, the demand for tyres in
replacement market continues to grow. “Kuwait Tyre Market Forecast &
Opportunities, 2019” report elaborates following aspects of tyre market
expansion in Kuwait:

• To gain an in-depth understanding of tyre industry in Kuwait.
• To identify the on-going trends and anticipated growth in the coming years
• To help industry consultants, tyre manufacturers and other stakeholders to
align their market-centric strategies
• To obtain research based business decision and add weight to presentations and
marketing materials.
• To gain competitive knowledge of leading players.
• To avail 10% customization in the report without any extra charges and get the
research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary
sources. Primary research included interviews with tyre manufacturers and
channel partners. Secondary research included an exhaustive search of relevant
publications like company annual reports, financial reports and proprietary
databases.

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